CreditCard
A credit card in a narrow sense is a payment card that provides consumer credit to cardholders. The cardholder does not have to make a deposit at the card-issuing bank. You can "buy first, settle and pay later". Based on the customer's creditworthiness and other circumstances, the card issuer sets a "credit limit" for each credit card account, such as $1,000. This means that cardholders can use their credit cards to pay bills as long as the total amount does not exceed $1,000. Generally, the card issuer sends a bill to the cardholder once a month. Within a certain grace period after receiving the bill, the cardholder can choose to pay off the account without paying interest; or pay part of the bill, or only pay Minimum payment, plus interest later. Since credit cards do not require a deposit, credit card holders do not have to have a bank account with the card-issuing bank. This type of credit card is currently the most widely circulated payment card, and its core features are credit sales and revolving credit.
BusinessCard
Business card, also known as business card, is a credit card issued by the card issuer with business services as its core. It is specially designed to meet the needs of the company and launch differentiated employee benefits. Credit lines, comprehensive statements, business travel discount plans and other professional and featured services are provided to prepare company employees for official business travel consumption, business entertainment and other expenses. When a company uses a commercial card, it can enjoy an interest-free repayment period for consumption, which helps reduce the company's liquidity pressure; in addition, there is a dedicated online financial management report data platform that can provide various financial statements in real time, fully reflecting the flow of the company's business expenses, allowing The company's financial management and process control are clearer and more effective.
The card issuer will grant the company a comprehensive credit limit for the commercial card based on the company's credit standing. Within the scope of this credit limit, the company can grant different credit lines according to different levels of employees or actual needs, and can adjust the credit limit or limit the use at any time, making the company's financial allocation more flexible. The company gets a comprehensive statement every month, including the total business expenses of all business travel, business entertainment and operations, clearly showing the monthly transactions of card-holding employees, comprehensively simplifying the bill accounting process, saving administrative costs, and greatly improving financial efficiency. . At the same time, the company's card-holding employees can receive a personal statement every month, listing various business expenses in detail to facilitate cardholders' item-by-item verification.
For example, MasterCard Business Card’s powerful SDOL (SmartDataOnline) online financial management report data platform, coupled with flexible and changeable credit limits, allows companies to control business expenses without being restricted by time and space, and can easily realize cross-border and cross-regional transactions. unified management.
Link: The cutting-edge online management system SDOL (SmartData Online) is designed, developed and maintained by MasterCard International and supports 13 languages ??including Chinese, English, Japanese and Korean. Help company financial managers reduce traditional multi-layered accounting procedures, more effectively integrate, organize and analyze various transaction data related to GF MasterCard commercial cards, and understand the company's tariff flow in detail. This data reporting system facilitates systematic financial fee analysis and is directly connected to the Internet to understand all expenditures and usage status of all commercial cards of cardholders and the company at any time and anywhere to help the company simplify management procedures. At the same time, you can also check the usage of each subsidiary and branch, which is also simple and fast, effectively controlling costs, saving expenses, and keeping security confidential.